The last time we dove into the charts of Netflix (NFLX) was back on May 20 where we wrote that, "In this Point and Figure chart of NFLX we can see two interesting chart points. On the upside the chart shows a possible price target of around $563. On the downside the chart shows that a pullback to $433.34 could weaken the near-term picture."
Now that prices have reached $555 a fresh look at the charts is a good idea.
(For more on Netflix, see Jim Cramer: 4 Stocks That Are the Wild Bunch)